All tagged Goldfields Money ASX:GMY
Goldfields Money (ASX: GMY) has provided an update on its activities during the month of November 2018, with managed loan settlements up 63 per cent to $48 million and the recruitment of loan writers up 20 per cent, to 1,553. December metrics are expected to be released next month.
Goldfields Money (ASX: GMY) has struck a strategic partnership with Los Angeles-based Ivy Koin LLC; a developer of blockchain-based solutions for financial institutions. Those solutions work to validate and cater to compliance needs for fiat and digital currency business transactions. The two companies will work together to commercialise the use of blockchain technology in banking to validate and legitimise digital currency to fiat transactions in the traditional banking framework.
Goldfields Money (ASX: GMY) has appointed Jussi Nunes as the new group Chief Financial Officer. He will assume the position on December 10 and become a member of the Bank's executive management team. The Group CFO positionis a new appointment to the Bank, with Jussi assuming overall responsibility for both the banking and aggregation activities of the group. Malcolm Cowell will continue as the CFO of the banking activities of the Bank and will report to Jussi in his new role.
Goldfields Money (ASX: GMY) has provided a trading update for August, which saw continued strong performance for both the company and merger ally Finsure with increases across all key operating metrics including managed loan settlements, aggregation settlements and recruitment of loan writers. These metrics drive both transactional and recurring revenue streams for the business.
Goldfields Money (ASX: GMY) says its merger with Finsure has created a digital banking game-changer, after the company's shareholders today voted in favour of the deal going ahead. Goldfields Money chief executive Simon Lyons said the combined entity would allow both companies to grow and improve profitability. "We will be creating Australia's first truly scalable digital challenger bank focused on providing lending solutions for Australian consumers via broker distribution," he said.
Goldfields Money (ASX: GMY) has received binding commitments from international and local institutional and professional investors to raise about $20 million by way of a placement. The raising was priced at $1.30 per share, with just under 15.4 million new shares issues. The proceeds will be used to fund prudential capital needs and enable the company to pursue further lending growth. Goldfields Money also revealed today the expected completion date for its merger with Finsure.
Goldfields Money (ASX: GMY) has provided its full year FY18 results, which marked a return to underlying profitability for the company. A record of $46 million of new loans were settled during FY18 with total loans under management increasing to $214 million, reflective of the company's investment in developing and expanding distributing capabilities.
Goldfields Money (ASX: GMY) has provided an update to the market on its full-year guidance for the 2018 financial year, as well as a trading update for the three months to June 30. Goldfields Money has also provided an update on its transaction timetable for the proposed merger with Finsure.
Goldfields Money (ASX: GMY) has updated the market on its trading activities for the three months to March, along with that of its takeover target Finsure. Goldfields Money experienced continued growth during the quarter, with loan settlements of about $17 million and year-to-date loan settlements and volumes the highest on record. Finsure continued to grow from strength to strength during the quarter, with the total loan book growing to about $32 billion. Cash revenue of $107 million was generated during the period.
Goldfields Money (ASX: GMY) has launched a new banking platform, utilising international software provider Temenos for its T24 Core Banking, Channels, Analytics and Financial Crime Mitigation solutions. The digital software as a service banking platform has been specifically designed to help banking businesses like Goldfields Money compete and thrive in today’s rapidly changing environment. The launch is a result of significant investment that the business has made in its people, products and processes over the last two years.